6. A Deferred Revenue is: a. A revenue that has been received and earned. b. An revenue that will be collected in the future. c. An revenue that has been received, but is a liability until earned. d. A future revenue that is listed as an asset. 13. In Finacial Accounting, cost is divided into 3 major catigories: a. Depreciable assets, Liabilities and Owners Equity. b Period Costs, Long Term Cost and Short Term Cost. C. Cost of Goods Sold, Cost of Items Purchased and Cost of Inventory Inventoriable Cost, Capital Cost and Period Cost. d. 14 The Cash basis of accounting can be used: a. in an accrual accounting system. b. by a company that sells merchandise. c. to conform to GAAP d. none of the above